Jenkins Kenneth G 4

What Happened
Kenneth G. Jenkins, VP of Water Resource Planning & Sustainability at California Water Service Group (CWT), received 548 shares as an award on 2026-03-07 (reported as an acquisition). Related tax-withholding dispositions occurred: 281 shares and 33 shares were surrendered on 3/7 to satisfy tax obligations (disposed at $45.59 each, proceeds $12,811 and $1,504 respectively). Separately, 42 shares were surrendered on 3/05 (disposed at $45.78, proceeds $1,923) to cover tax withholding for a Restricted Stock Award. Total proceeds from the withheld/disposed shares ≈ $16,238. The 548-share award relates to a Performance Stock Unit (PSU) grant from 3/7/2023 that vested with a 46% payout (per filing footnote).

Key Details

• Dates and amounts:
  • 2026-03-05: 42 shares withheld/surrendered at $45.78 — $1,923 (footnote F1; RSA tax withholding)
  • 2026-03-07: 548 shares acquired (award/grant) at $0.00 (code A)
  • 2026-03-07: 281 shares withheld/surrendered at $45.59 — $12,811 (PSU tax withholding, footnote F3)
  • 2026-03-07: 33 shares withheld/surrendered at $45.59 — $1,504 (PSU tax withholding, footnote F3)
• Total shares withheld/surrendered across these events: 356 shares; total proceeds ≈ $16,238.
• The 548-share award arises from a PSU granted 3/7/2023 that vested with a 46% payout (footnote F2).
• These “F” code transactions are tax-withholding/net settlement actions (not open-market sales).
• Filing does not specify total shares owned after the transactions; the filing does not indicate it was late.

Context

• This was primarily an award/vesting event (code A) with accompanying net settlement/tax-withholding (code F). Tax-withholding disposals are routine administrative actions and do not necessarily indicate a change in the insider’s view of the company.
• For retail investors: awards/vesting show compensation being paid in stock; the withheld shares are simply used to cover taxes rather than sold in the open market.